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New York Giants Unlikely to Restructure Eli Manning’s Contract During Offseason

February 21st, 2014 at 3:30 PM
By Doug Rush

After a disappointing 7-9 season in 2013, the New York Giants will likely see major changes to their roster for the 2014. With many holes to fill before next season, the Giants have some cap space to work with, but they could always use any extra room possible with contracts getting re-worked or re-structured.

Antrel Rolle has been a candidate to have his contract re-worked in order to help the Giants more money under the salary cap, David Baas' potential release in the summer and the possible retirement of Chris Snee all could help the Giants cap situation. But the biggest one that could help the Giants would be the re-working of the contract of quarterback Eli Manning, who is set to make $15.65 million in 2014 but will count for $20.4 million against the salary cap, the largest number for the team.

However, as Jordan Raanan and Conor Orr of the Newark-Star Ledger have reported, the Giants are unlikely to re-work and re-structure Manning's deal this offseason and will leave the two-time Super Bowl MVP's deal as is.

"Of all the moves the Giants will make this offseason, lowering quarterback Eli Manning's monstrous cap number will not be among them. The Giants have shown no indication this offseason of wanting to alter Manning’s current contract, according to a person familiar with the situation.The person requested anonymity in order to speak freely on the matter."

The 33-year-old Manning has two years remaining on the seven-year, $106.9 million contract extension he signed back in August of 2009 and Manning has said that if the team came to him and asked him to re-work his deal, he was open to it, but as the story in the Star Ledger reported, the team is apparently not interested in extending his current contract to make the restructuring work to get the cap number down.

With the salary cap being hired this past week from around $123 million to $130 million, it gives the Giants an extra seven million of help when they head into free agency next month and with that, it's quite possible that the Giants aren't as worried about Manning's salary like others are, even if he is coming off perhaps his worst season as a professional which featured 27 interception and 39 sacks last year.

However, if Manning has a rebound year and a strong 2014 campaign, the team could always look to extend Manning's deal before the 2015 season, which would be the final year of his current contract.

Photo credit: jetspics2000 via Flickr cc

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Tags: Antrel Rolle, Chris Snee, David Baas, Eli Manning, Football, New York, New York Giants, NFL

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4 Responses to “New York Giants Unlikely to Restructure Eli Manning’s Contract During Offseason”

  1.  jerseyrich says:

    What the Giants are doing is remaining open to the possibility that Eli is headed downhill and starting to cover their bases. I think its very smart not extending him this year; if, God forbid he does take another step back, better to get the money off the books as soon as possible, especially when this is a year where the Giants don’t figure to be a legit championship caliber team anyway.

  2.  Eric S says:

    Not surprising. If you’re Eli would you really want to negotiate an extension coming off your worst year since you were a rookie? If you’re the Giants do you really want to extend your 33 yr old QB coming off his worst season since he was a rookie? Restructuring only makes his cap hit even more insane next year. Let him show he hasn’t fallen off the table (personally, I think he’ll have a monster year if given even an average line).

    I would extend Rolle 3 years and get rid of Snee. Push Kiwi to take a pay cut.

  3.  jfunk says:

    Until the moment comes that the Giants feel they need the money to sign a player they desperately want, taking these big hits on Eli’s salary now actually helps them maintain more flexibility down the road, either in the form of more cap space or in the event that the end of the Eli era comes sooner rather than later.

  4.  James Stoll says:

    Good decision to wait and see on Eli. 2 consecutive down seasons at his age are worrisome

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